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Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

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Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

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Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support underrepresented groups.

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We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

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  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

On Dec. 9, 2020, the Alternative Reference Rates Committee (“ARRC”) released minutes to its meeting that day to discuss recent developments relevant to the LIBOR transition. It discussed the alignment of the current ARRC Best Practices (“Best Practices”) with (i) recent announcements by the ICE Benchmark Authority (“IBA”), the administrator of LIBOR, of its intention to consult on revised publication dates for U.S. dollar-denominated LIBOR; (ii) an announcement by the United Kingdom’s Financial Conduct Authority (“FCA”), the regulator of the IBA; and (iii) related supervisory guidance from U.S. regulatory authorities. The ARRC members observed that the supervisory guidance clearly called for no new LIBOR issuances as soon as practicable (and none later than 2021) and that the Best Practices dates for no new LIBOR issuance by product type were set with such a goal in mind. ARRC members concluded that the recommended timelines for no new issuances as currently set out in its Best Practices were consistent with the timelines and message set out in the supervisory guidance and the IBA and FCA announcements.

For a review of the Best Practices, see the SRZ Alert “LIBOR Transition Update: ARRC Publishes Best Practices,” available here.

Key Publications

The ARRC Minutes

The ARRC Meeting Agenda

The ARRC Best Practices